Nutrien (NYSE:NTR – Get Free Report) had its target price decreased by investment analysts at Freedom Broker from $78.00 to $76.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Freedom Broker‘s price target points to a potential upside of 6.21% from the company’s previous close.
NTR has been the subject of several other reports. Raymond James Financial lowered their price target on Nutrien from $90.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. BNP Paribas Exane upgraded Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Tuesday, July 28th. KeyCorp assumed coverage on Nutrien in a research report on Thursday, September 10th. They issued a “sector weight” rating and a $73.00 price objective for the company. Mizuho decreased their price objective on Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Finally, Barclays lowered their target price on Nutrien from $81.00 to $78.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $79.14.
View Our Latest Stock Report on Nutrien
Nutrien Trading Down 0.9%
NTR traded down $0.62 during mid-day trading on Wednesday, hitting $71.55. The stock had a trading volume of 570,518 shares, compared to its average volume of 2,984,739. The stock’s fifty day simple moving average is $72.76 and its 200-day simple moving average is $71.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.41 and a quick ratio of 0.89. The firm has a market capitalization of $34.01 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 0.80 and a beta of 0.67. Nutrien has a 1-year low of $54.52 and a 1-year high of $85.36.
Nutrien (NYSE:NTR – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.13). Nutrien had a return on equity of 8.00% and a net margin of 7.78%. The firm had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same period in the prior year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, research analysts forecast that Nutrien will post 4.53 EPS for the current fiscal year.
Hedge Funds Weigh In On Nutrien
A number of large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Nutrien in the 2nd quarter valued at about $654,081,000. Deutsche Bank AG bought a new stake in shares of Nutrien in the second quarter valued at about $588,720,000. The Manufacturers Life Insurance Company bought a new stake in shares of Nutrien in the second quarter valued at about $375,178,000. Canada Pension Plan Investment Board acquired a new position in shares of Nutrien during the second quarter worth about $359,318,000. Finally, BlackRock Inc. acquired a new position in shares of Nutrien during the second quarter worth about $220,942,000. Institutional investors own 63.10% of the company’s stock.
About Nutrien
Nutrien Ltd. is a Canadian agricultural inputs and services company headquartered in Saskatoon, Saskatchewan. Formed in 2018 through the merger of Agrium and Potash Corporation of Saskatchewan, it serves farmers and other customers through fertilizer production and agricultural retail operations. The company produces potash, nitrogen and phosphate fertilizers, which are used to support crop growth. It also sells crop protection products and seeds, and provides growers with agronomic advice and other services.
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